2018-11-14T08:59:25-06:00 2018-06-30 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2017-07-01 620238497 Holston Electric Cooperative Inc HOLS 4232728821 1200 West Main Street Rogersville TN 37857 Jeff Ringley President 4232728821 2018-11-08 1 Patrick Cooper P00856177 3348347660 2018-11-08 142.154.130.164 2018-11-08 09:20:19 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 58A221B50A0AB7FF5D57FDB9C2C3D3903606F433 2017 2019-02-21 02:37:17Z Jeff Ringley 1200 West Main Street Rogersville TN 37857 77579858 0 X http://www.holstonelectric.com X 1940 TN At Holston Electric Cooperative our mission is to provide safe, dependable electric service to our member-owners at a reasonable cost. 7 7 81 0 0 0 0 0 72409276 75529975 547819 552078 1626137 1493150 74583232 77575203 0 0 729354 2700217 457518 490995 0 0 0 73396360 74383991 74583232 77575203 0 0 86021025 88765863 18493354 18541010 67527671 70224853 At Holston Electric Cooperative our mission is to provide safe, dependable electric service to our member-owners at a reasonable cost. 0 0 Holston Electric Cooperative is a customer-owned distributor of TVA power, providing service to more than 30,000 residential, commercial and industrial customers in a 525 square-mile area of Hawkins and Hamblen Counties in upper East Tennessee. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 47 0 81 1 0 0 0 0 0 0 0 75529975 598786 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 0 1 1 0 X Aundrea Johnson 4232728821 1200 West Main Street Rogersville TN 37857 Gordell Ely Director 4.60 X 10725 0 0 Jeff Ringley Director/President 4.70 X X 9575 0 0 Phil Barrett Director/Vice President 6.70 X X 14100 0 0 Brent Price Director/Secretary/Treasur 4.90 X X 10675 0 0 David Marshall Director 6.80 X 14800 0 0 Mark Derrick Director 5.40 X 12050 0 0 Jerry Horner Director 2.90 X 7850 0 0 Shannon Bellamy Director of Finance and Hu 50.00 X 133493 0 23682 James B Sandlin General Manager 55.00 X 195748 0 58297 John Long Director of Engineering 50.00 X 124267 0 116498 Leonard Eidson Foreman 55.00 X 124920 0 19711 Arthur Davenport Director of Operations 50.00 X 122086 0 23204 Chris Couch Foreman 55.00 X 105206 0 21972 Larry Elkins General Manager (Former) 0.00 X 129261 0 0 1014756 0 263364 7 1 1 0 Asplundh Tree Expert Co PO Box 532729 Atlanta GA 30353 Tree Trimming 1494691 Davis H Elliot Construction 673 Blue Sky Parkway Lexington KY 40509 Construction 1411007 Service Electric Company Inc PO Box 277790 Atlanta GA 30384 Construction 629435 Wolfe Tree Inc PO Box 74071 Cleveland OH 44194 Tree Trimming 607788 Liberty Power Serivce Inc PO Box 220 Rutledge TN 37861 Equipment Testing 472329 12 Sales of Electricity 221000 74816479 74816479 Other Electric Revenue 221000 713496 713496 75529975 552078 552078 1451097 0 1451097 1451097 1451097 4021 4655 -634 -634 Non-Operating Revenue 221000 42687 42687 42687 77575203 75529975 0 2045228 X 2700217 490995 374161 3751537 Purchased Power 59846351 Distribution-Maintenanc 3907220 Distribution-Operations 3108497 Accounting & Collection 2096708 1299517 77575203 5783876 3342578 4204209 4576660 1964004 1518101 1084706 850058 5430192 5437495 116989853 50021503 61597233 66968350 3476929 3498446 2479876 2574175 86021025 88765863 11346166 12020268 1364537 1256753 5782651 5263989 18493354 18541010 X 0 0 148270 145235 67379401 70079618 67527671 70224853 86021025 88765863 X 0 2697182 X X 0 1 X 1 0 882003 882003 2421475 1217242 1204233 113686375 48804261 64882114 66968350 Advances from the TVA 1561918 Accumulated Post Retirement Benefits 330169 Advances for Construction 72875 Customer Deposits 3299027 5263989 X 77575203 0 77575203 0 77575203 74874986 0 74874986 2700217 2700217 77575203 Part X, Line 2: Income taxes - The Cooperative is exempt from income taxes under Internal Revenue Code Section 501(c)(12). Management evaluated the Cooperative's tax positions and concluded that the Cooperative had taken no uncertain tax positions that require adjustment to the financial statements. Part XII, Line 4b - Other Adjustments: Margins Assigned/Assignable to Members 2,700,217. 1 X X X X X 0 0 0 Shannon Bellamy Director of Finance and Hu 130813 0 1324 0 1356 0 3587 0 20095 0 157175 0 0 0 James B Sandlin General Manager 187559 0 1916 0 6273 0 37768 0 20529 0 254045 0 0 0 John Long Director of Engineering 119948 0 1215 0 3104 0 96482 0 20016 0 240765 0 0 0 Larry Elkins General Manager (Former) 0 0 0 0 129261 0 0 0 0 0 129261 0 129261 0 Form 990, Part VI, Section A, line 6 As a cooperative, we are owned by the members we serve. Form 990, Part VI, Section A, line 7a Members are eligible to vote for any representative running for election. There are seven districts, each with a representative. Representatives serve a three year term. Form 990, Part VI, Section A, line 7b The membership must approve decisions that involve substantial transfers of cooperative assets, amendments to the cooperative's bylaws, as well as other decisions requiring approval of the membership by law, the articles of incorporation, and/or the cooperative's bylaws. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an independent accounting firm using the information provided by the Senior Accountant. The Form 990 is then reviewed by the Director of Finance and Human Resources. It is then presented to the Board of Directors before it is filed. Form 990, Part VI, Section B, line 12c The conflict of interest policy is monitored by the board of directors annually at the organizational meeting. Each Director signs a statement of code of conduct. Within this code of conduct is language regarding conflicts of interest. Approval of the code of conduct is recorded in the minutes. Form 990, Part VI, Section B, line 15 The personnel committee of the Board of Directors annually reviews the performance of the General Manager. The committee reviews competitive salary survey data, including a competitive range for general managers in comparable organizations and develops a salary recommendation that is presented to the full board of directors for a vote. The decision is documented in the minutes of the board meeting. The personnel committee compares the General Manager's salary to the salaries of other general managers of electric utilities both nationally and within the state. Officer and key employee salaries are determined by the General Manager using similar evaluation and salary comparison criteria as used by the personnel committee. The cooperative's pay grades and compensation are competitive. Pay grades are reviewed annually and may be adjusted by a competitive factor as determined by the results of competitive market surveys. Form 990, Part VI, Section C, line 19 The cooperative's governing documents are the bylaws. The bylaws are given to all new members. The bylaws are also made available on our website and upon request. The conflict of interest is available upon request. Financial statements are presented annually at the member's annual meeting. The financial statements are also published annually in our member publication. Form 990, Part IX, Line 4 The instructions to the Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. Holston Electric Cooperative, Inc. has interpreted the words "patronage dividends paid" in the instructions to mean margins that are assigned or assignable to the members. Form 990, Part XI, line 9: Change in memberships -3,035. Margins Assigned/Assignable to Members 2,700,217. Form 990, Part XII, Line 2c: The organization did not change its processes of oversight and selection during the year. Holston Connect 1200 W Main Street Rogersville TN 37857 823388988 Broadband Service TN 0 402180 Holston Electric Cooperative Inc